Peraton was flagged internally as having a "high risk" of financial instability before winning a $1.5 billion contract to oversee the modernization of the US air traffic control system, Bloomberg reported Wednesday.
An FAA presentation to Transportation Secretary Sean Duffy in October 2025 compared Peraton with a competing bid from Parsons and IBM, the report said.
Peraton was awarded the contract in December.
The FAA said the initial assessment was only the beginning of its evaluation, and that discussions with both companies continued before the final selection. Peraton said all 13 project workstreams are on schedule or ahead of schedule, Bloomberg said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.